Pretty happy with Shorten’s budget response. A more progressive approach to increasing the Medicare Levy, and maintaining the budget deficit levy are both good moves. There’s also zero justification for the company tax cuts proposed by the Liberals, so happy to see opposition to those.

The idea of a cap on the deduction for managing tax affairs is a good one, but they could (and should) take this further and extend a cap on a wide range of deductions, which would go some way to reducing the unfairness in the system.